Key takeaways
- Consider getting your financial house in order sooner, rather than later. Your family and loved ones will thank you for it.
- As your family’s financial go-to person, make sure you have estate planning strategies in place that can help you protect and provide for your loved ones after you pass.
- On your own or working with a financial professional, conduct a capital needs analysis to take a fresh look at your financial situation to reexamine your retirement horizon, cash flow, risk tolerance, and investing strategies.
Having a loved one die for any reason is painful enough, but what happens when a family’s key financial decision-maker passes, especially during the COVID pandemic? How do the surviving spouse/partner and other family members cope not only with the personal loss, but also with the array of unfamiliar financial decisions now confronting them?
Read more at: https://www.fidelity.com/learning-center/personal-finance/family-decision-maker
